The global energy market is under pressure as a consequence of increasing global energy demand. The demand is primarily triggered by the rapid growth of the worlds developing countries with China and India at the forefront of this development.
Energy Demand & CO2-Emissions
Directly linked to the exploding energy consumption is the basic questions of how to meet the demand and how to do this in a sustainable way by reducing CO2-emissions.
Wind energy is currently the most competitive alternative to fossil fuels.
The cost of wind energy has improved significantly during the last decade, but is required to become even more competitive in the future.
Compared to a traditional power plant, wind is characterized by a short time to market of 2-3 years and with a high energy output compared to other renewable energy sources.
Wind will remain the preferred source of renewable energy to help minimize CO2 emissions on a global scale.
Wind Drivers
The market continues to be driven by a number of factors:
- Increased energy demand
- Global political support for “green energy”
- Local incentive systems
- Consolidation of demand side driven by major utilities and IPPs
Converting Global Movements to Local Supply
The wind industry has truly become a global business and the established turbine manufacturers are rapidly expanding out of their home markets in Europe and the US and into the local growth markets in Asia and South America. Furthermore, a number of new Chinese entrants have claimed a significant share of the domestic market.
New Composites has specialized in executing technology and manufacturing projects in a professional and reliable manner to provide our partners the required supplies of nacelle housing and spinners in high volume markets, which can support setup of a dedicated manufacturing facility.
Future Markets
The markets of particular interest to New Composites are:
- EU Offshore
- Brazil
- US
- India
- China
